Chief risk officers need to simplify the way in which they report risks to executive management in order to properly convey the importance and usefulness of core enterprise risk management (ERM) elements, a panel of chief risk officers (CROs) said.

The Insurance Advisory Services (IAS) practice of Ernst & Young LLP hosted a roundtable to discuss the preliminary findings of its 2008 Insurance Risk Leadership Survey.

Ernst & Young said the survey found that "while the ERM building blocks are in place, the industry faces significant challenges as it prepares to move to the next level."

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.